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Posted on Jul 10, 2024

Laura deposits $1000 a year on each birthday of her daughter. She makes the first deposit on her ninth birthday, at 8% interest compounded annually.

Laura deposits $1000 a year on each birthday of her daughter. She makes the first deposit on her ninth birthday, at 8% interest compounded annually. Laura wants to know the amount she will have accumulated for college expenses by her daughters eighteenth birthday.

Group of answer choices

$10,636.63

$12,487.56

$14,486.56

$13,486.56

THANK YOU!

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